The Global Ophthalmic Devices Market Report by The Business Research Company covers ophthalmic devices market drivers and restraints, ophthalmic devices market size, major players, and the impact of COVID-19 on the ophthalmic devices market.

The ophthalmic devices market consists of sales of ophthalmic devices and related services by entities (organizations, sole traders and partnerships) that produce ophthalmic devices used in the diagnosis and treatment of eye related diseases. The market is segmented into vision care devices and equipment, cataract surgery devices and equipment, refractive surgery devices and equipment, diagnostic and monitoring ophthalmic devices and equipment.

Femtosecond laser is increasingly being used in cataract surgeries as it provides greater precision than traditional surgical methods.

The global ophthalmic devices market is expected to grow from $30.32 billion in 2020 to $34.33 billion in 2021 at a compound annual growth rate (CAGR) of 13.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $42.78 billion in 2025 at a CAGR of 6%. 

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Some ophthalmic devices market trends include robotic-assisted eye surgeries being widely used by healthcare services organizations to improve treatment outcomes. Robot-assisted surgeries allow surgeons to perform complex eye operations with improved precision, amplified scale of motion, reduced tremor, task automation and flexibility.

Global ophthalmic devices market segments include:

1) By Type: Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment.

2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.

3) By Type of Expenditure: Public, Private.

4) By Product: Instruments/Equipment, Disposables.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Ophthalmic Devices Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides ophthalmic devices market overviews, analyzes and forecasts market size, share, ophthalmic devices market players, ophthalmic devices market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The ophthalmic devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Ophthalmic Devices Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Essilor International, Alcon (Novartis), Johnson & Johnson (U.S.), Hoya Corporation, CooperVision AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Ophthalmic Devices Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Ophthalmic Devices Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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